Pool (NASDAQ:POOL – Get Free Report) released its earnings results on Thursday. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02), Briefing.com reports. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the business posted $2.46 earnings per share. Pool updated its FY 2024 guidance to 13.000-14.000 EPS and its FY24 guidance to $13.19-14.19 EPS.
Pool Stock Performance
POOL traded up $1.17 on Friday, hitting $371.17. 437,342 shares of the company traded hands, compared to its average volume of 332,308. The company has a 50 day moving average of $393.10 and a 200-day moving average of $373.55. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $14.29 billion, a PE ratio of 27.94, a PEG ratio of 3.60 and a beta of 1.00. Pool has a 12-month low of $307.77 and a 12-month high of $422.73.
Pool Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio is presently 33.03%.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of research analysts recently issued reports on POOL shares. Oppenheimer lifted their target price on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Loop Capital cut Pool from a “buy” rating to a “hold” rating and raised their price target for the company from $380.00 to $415.00 in a research note on Monday, January 8th. TheStreet cut Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $370.00 price target on shares of Pool in a research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $397.80.
Read Our Latest Report on Pool
About Pool
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.
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